How Safe is Paypal?

toss · #1 08-06-2005, 04:43 AM

Is it as safe as Neteller? I've heard a few horror stories so I'm kinda hesistant to sign up. Thanks for the replies.

STG · #2 08-06-2005, 04:48 AM

I've never had a problem, but someone that I bought something from could not claim his money for over a week. So at that point I cancelled the transaction. Never found out why he couldn't claim the money?

krazyace5 · #3 08-06-2005, 05:19 AM

I've used it longer than Neteller and never had a problem.

toss · #4 08-06-2005, 05:20 AM

Cool, thanks for the replies. Now for some quality donkey porn...

STG · #5 08-06-2005, 05:21 AM

no, don't do it...

swiftrhett · #6 08-06-2005, 05:26 AM

They have a ton of rules that they can kick you off for, like if they decide you did something fraudulent or bought porn or transferred money to gamble online.

I believe if they freeze your account, they just hold your money for 180 days to see if anyone decided the funds were fraudulent. If you break their porn or gambling rule, they can fine you $500 of what they have of yours.

Unless you do something shady, it's pretty safe. And even if you do something shady, at least they don't steal your money ala Party Poker.

AsiaKurosawa · #7 08-06-2005, 05:57 AM

I wouldn't carry a balance, and I's seriously review this site if you're using it on ebay as a seller selling high ticket items: Paypal Sucks. NO experience, but I've read the horror stories too and they can be pretty bad on a seller's end. (You may want to check out the "online auctions" forum on Fatwallet to see what I mean.)

toss · #8 08-06-2005, 06:06 AM

Wow thats some scary stuff there. I don't plan on selling anything on Ebay though nor do I plan on transfering money for porn or gambling. So I think I should be safe.

Lawrence Ng · #9 08-06-2005, 06:09 AM

I've also had some nightmares selling stuff/buying stuff through paypal and Ebay. But if the seller/buyer on ebay is reputable you should not have a problem.

Lawrence

tubalkain · #10 08-06-2005, 06:58 AM

Actually, if they think you're doing things that don't mesh with their Puritanical rules, they'll get their $500 fine by any means, including emptying your bank account and overlimiting your credit cards.